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Macworld: Apple reportedly working on "large-screen technologies"

Apple Computer may hold ambitions of taking its living room digital media strategy to the big screen — literally.

According to a research note released by American Technology analyst Shaw Wu on Monday, the company is working on "large-screen" technologies within its development labs.

"We are not certain on timing but our analysis indicates that AAPL is beyond prototype on large-screen technologies (for a larger monitor or possibly Apple-branded HDTV)," the analyst told his clients.

Wu maintained his Buy rating on shares of Apple with a $99 price target, recommending that clients buy the stock on dips.